Business

The rupee appreciated by 8 paise to 88.62 against the US dollar in early trade on Thursday, supported by strong domestic equities and lower crude prices. However, selling by foreign investors limited larger gains, forex traders said.

Progress isn’t assured; the Nobel laureates Joel Mokyr, Philippe Aghion, and Peter Howitt stress the need to protect innovation and openness

The drug major continues to see healthy demand across key markets, with US and Europe businesses performing in line with expectations, said its Vice-Chairman and Managing Director K Nithyananda Reddy

Microsoft will allow Microsoft 365 Copilot interactions to be processed locally in 15 countries by 2026, including India. The move enhances data security, sovereignty, and compliance for governments and regulated industries, following recent legal and operational updates in India

Gold prices stayed weak amid a stronger US dollar and global market caution. Spot gold hovered around $3,940 per ounce, while MCX December futures fell 0.43 per cent to Rs 1,20,886 per 10 grams. Experts expect a rebound later this year.

While tariffs bring immediate challenges, they also open doors to innovation and capacity building for the MSME sector

The NCLAT has set aside the CCI’s five-year ban on WhatsApp sharing user data with Meta Platforms for advertising purposes, while retaining the ₹213 crore penalty imposed for anti-competitive practices linked to WhatsApp’s 2021 privacy policy update

IndiGo’s parent company, InterGlobe Aviation, reported a Rs 2,582 crore net loss for the September quarter, mainly due to adverse currency movements. Despite a 10 per cent rise in topline revenue, the airline’s shares slipped over 1 per cent on the BSE

State Bank of India (SBI) reported a 10 per cent rise in standalone net profit to Rs 20,160 crore for the September quarter of FY26. Improved asset quality and higher interest income supported the bank’s strong quarterly performance

Gopichand P. Hinduja, chairman of the global Hinduja Group and one of India’s most influential business figures, passed away in London at 85. Fondly called ‘GP’, he had been unwell for several weeks. He is survived by his wife and children

Adani Enterprises Ltd reported an 84 per cent surge in Q2 net profit to Rs 3,199 crore, driven by strong performance across its infrastructure and energy businesses. The company also announced a Rs 25,000 crore rights issue to strengthen its balance sheet.

Gold prices slipped on Tuesday as a stronger US dollar and waning expectations of further Fed rate cuts prompted investors to book profits. Analysts cited easing US-China tensions and China’s new tax policy as added pressure on bullion demand

India's white-collar job market showed a 3 per cent year-on-year growth in October 2025, led by strong hiring in education, finance, and BPO/ITES sectors. The demand for high-skill roles, including machine learning engineers, saw remarkable growth

Gold prices dipped below USD 4,000 per ounce, falling 2.7 per cent from last week as easing US-China tensions and a stronger dollar weighed on demand. Despite the decline, gold remains over 50 per cent higher year-to-date, supported by central bank buying

The Enforcement Directorate has attached assets worth Rs 3,084 crore linked to Anil Ambani, his group companies, and related entities under the PMLA in a money laundering probe involving alleged diversion of public funds and loan irregularities exceeding Rs 17,000 crore

Equity benchmarks Sensex and Nifty fell in early trade on Monday due to profit-taking and foreign fund outflows. Analysts said FIIs booking profits and reallocating to other markets capped gains despite strong October performance.

The rupee weakened 7 paise to 88.77 against the dollar on Monday, pressured by rising crude oil prices, foreign fund outflows, and weak equities, even as the dollar eased. Forex reserves and fiscal data also signalled economic pressure.

After multiple rounds of layoffs, Microsoft plans to grow its workforce again with a focus on artificial intelligence. CEO Satya Nadella said the company will pursue “targeted scaling,” using AI to enhance productivity and empower smaller team

According to RBI data, Rs 2,000 denomination banknotes worth Rs 5,817 crore remain in circulation. Since their withdrawal announcement in May 2023, 98.37 per cent of the notes have been returned. The Rs 2,000 notes continue to be legal tender, the RBI clarified.

Gross GST collection rose 4.6 per cent year-on-year to Rs 1.96 lakh crore in October, driven by festive season demand despite rate cuts on 375 items. Domestic GST revenue grew 2 per cent, while imports contributed a 13 per cent surge in tax inflow

Adani Defence & Aerospace’s Kanpur Ammunition Complex has been awarded the SIDM Champion Award 2025 for excellence in design, manufacturing, and testing. Presented by Defence Minister Rajnath Singh, the award underscores the company’s role in advancing India’s self-reliant defence ecosystem

Gold prices fell Rs 1,649 per 10 grams over the week to Rs 1,20,770, tracking global weakness after the US Fed hinted at a pause in rate cuts and markets eyed US trade pacts with China and India.

UPI transactions rose 25 per cent year-on-year in October to 20.70 billion, with total value reaching Rs 27.28 lakh crore, NPCI data showed. IMPS also saw steady growth, as India’s digital payment ecosystem expanded under ongoing GST 2.0 reforms.

Central GST officials in Delhi have busted a Rs 31.95 crore fake Input Tax Credit fraud involving a company that claimed credit using fake invoices. The firm’s director was arrested, and investigations revealed links to multiple fictitious firms